https://www.taxtmi.com/caselaws?id=449164 CESTAT NEW DELHI set aside the revocation of customs broker license and forfeiture of security deposit but upheld the penalty. The appellant was accused of conniving in customs duty evasion by diverting warehoused goods to domestic market without payment and using forged documents. The tribunal found the fraud occurred after the appellant's role ended when goods reached the bonded warehouse. The appellant had fulfilled regulatory obligations by verifying IEC numbers and obtaining KYC documents through speed post correspondence. Citing precedent that physical verification of business premises is not legally required, the tribunal determined the punishment was disproportionate given over five years had elapsed since license revocation, constituting sufficient punishment. en-us Fri, 02 Feb 2024 00:00:00 +0530 Wed, 07 Feb 2024 07:14:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=449164 CESTAT NEW DELHI set aside the revocation of customs broker license and forfeiture of security deposit but upheld the penalty. The appellant was accused of conniving in customs duty evasion by diverting warehoused goods to domestic market without payment and using forged documents. The tribunal found the fraud occurred after the appellant's role ended when goods reached the bonded warehouse. The appellant had fulfilled regulatory obligations by verifying IEC numbers and obtaining KYC documents through speed post correspondence. Citing precedent that physical verification of business premises is not legally required, the tribunal determined the punishment was disproportionate given over five years had elapsed since license revocation, constituting sufficient punishment. Case-Laws Customs Fri, 02 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=449164